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On 21 May 2025, oil prices skyrocketed after CNN reported that, according to US intelligence, Israel is preparing for a potential strike on Iranian nuclear facilities. This was reported by Bloomberg.
In particular, the price of Brent crude oil exceeded $66 per barrel, while West Texas Intermediate rose by 3.5%, although the increase later declined slightly. According to CNN, Israeli leaders have not yet made a final decision on the strikes, citing unnamed officials.
These reports have raised concerns on the market about possible disruptions in oil supplies from the Middle East, a key production region. The price increase reflects uncertainty and investor concerns about the escalation of the conflict, which could affect global energy markets.
